The following information is available for Chenard Corporation for the year ended December 31, 2017.

Beginning cash balance $35,000

Accounts payable decrease 3,200

Depreciation expense 76,000

Accounts receivable increase 8,200

Inventory increase 13,000

Net income 269,100

Cash received for sale of land at book value 35,000

Sales revenue 747,000

Cash dividends paid 12,000

Income tax payable increase 4,700

Cash used to purchase building 144,000

Cash used to purchase treasury stock 32,000

Cash received from issuing bonds 206,000

Prepare a statement of cash flows using the indirect method.